Posts by Mark Darwin
Chinese solar panel giant Trina to sell plant in Texas
CHINA’S renewables giant Trina Solar has agreed to sell its US solar manufacturing operations amid increased American scrutiny of Chinese companies benefiting from clean energy tax incentives created under President Joe Biden’s signature climate law. Georgia-based Freyr Battery will pay US$340 million for Trina’s new five-gigawatt solar panel assembly facility in Wilmer, Texas, and other…
Read MoreTinder-parent Match forecasts quarterly revenue below estimates on weak demand
MATCH Group forecast fourth-quarter revenue below Wall Street estimates on Wednesday (Nov 6), a sign of weak demand for its dating apps as customers cut back on discretionary spending, sending its shares down about 11 per cent in extended trading. The Dallas, Texas-based company also missed third quarter revenue estimates unlike its smaller rival Bumble,…
Read MoreECB’s Guindos warns of ‘huge’ impact of Trump tariff plans
THE global economy faces potentially detrimental shocks to growth and inflation if US President-elect Donald Trump implements the kind of import tariffs he threatened during his campaign, according to European Central Bank vice-president Luis de Guindos. Economic output would be weaker, price pressures stronger and established trade flows disrupted, Guindos told an event on…
Read MoreUS: S&P 500, Dow open at record high as Trump wins US presidency
The S&P 500 and the Dow scaled all-time highs on Wednesday (Nov 6), while the Nasdaq also jumped, as Republican Donald Trump won the 2024 US presidential election in a remarkable comeback four years after he was voted out of the White House. The Dow Jones Industrial Average rose 628.5 points, or 1.49 per cent,…
Read MoreJeweller Pandora’s shares sink as warns soaring silver could dent margins
PANDORA said on Wednesday (Nov 6) that higher silver and gold prices could hit its 2026 operating profit margin target, sending the Danish company’s shares as much as 7 per cent lower. Best known for its charm bracelets, with prices ranging from US$60 to more than US$2,000, has been a rare bright spot among retailers…
Read MoreSTI climbs on news of imminent Trump win in US election
THE Straits Times Index (STI) inched up on Wednesday (Nov 6), as regional indices posted mixed results. The STI was up 0.6 per cent or 21.38 points at 3,602.99. Across the broader market, decliners outnumbered advancers 300 to 257 after 1.6 billion shares worth S$1.5 billion changed hands. On the STI top gainer was ST…
Read MoreSIA Engineering to derive more contributions from its operating business
It is riding on robust demand for MRO services amid supply chain constraints and deferred plane deliveries AVIATION maintenance, repair and overhaul (MRO) services provider SIA Engineering (SIAEC) will lean more on its operating business in the next two to three years as it scales up processes, said its chief executive Chin Yau Seng. At…
Read MoreWith Trump leading in polls, analysts warn of hit to tech, manufacturing stocks
Trade tensions between the US and China are likely to affect the Singapore equity market, they say WITH former United States president Donald Trump taking the early lead in the hotly contested presidential elections, analysts warn of technology and manufacturing stocks in Asia taking a hit under a possible Trump presidency. Singapore and regional markets…
Read MoreTech, manufacturing and China-linked stocks on the line as Asia braces for Trump 2.0
Trade tensions between the US and China are likely to affect the Singapore equity market, say analysts even as US markets set to soar ASIAN and Singapore stocks in the tech and manufacturing sector, as well as those with exposure to China, look set to take a hit in the short term as Asia contends…
Read MoreGermany’s Deutsche Bank pumps 51.1 billion rupees into India operations
GERMANY-BASED Deutsche Bank said on Wednesday (Oct 6) that it had infused 51.1 billion rupees (S$807 million) into its Indian operations to fund growth plans. These funds, along with retained earnings and other statutory components, increase the capital at Deutsche Bank India branches to nearly 300 billion rupees, a 33 per cent increase over 2023…
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